BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) posted its quarterly earnings results on Tuesday. The bank reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01, Zacks reports. BCB Bancorp, Inc. (NJ) had a return on equity of 0.24% and a net margin of 0.39%.The company had revenue of $24.94 million for the quarter, compared to analysts’ expectations of $25.78 million.

BCB Bancorp, Inc. (NJ) Stock Performance

BCB Bancorp, Inc. (NJ) stock opened at $9.86 on Thursday. The company’s 50-day moving average price is $8.68 and its 200-day moving average price is $8.26. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.00. The company has a market cap of $171.16 million, a PE ratio of -140.84 and a beta of 0.65. BCB Bancorp, Inc. has a twelve month low of $7.31 and a twelve month high of $10.25.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, May 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.2%. BCB Bancorp, Inc. (NJ)’s payout ratio is -457.14%.

Insider Activity at BCB Bancorp, Inc. (NJ)

In related news, Director Mark D. Hogan purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average price of $7.97 per share, for a total transaction of $39,850.00. Following the completion of the transaction, the director owned 103,352 shares in the company, valued at approximately $823,715.44. The trade was a 5.08% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 11.50% of the company’s stock.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Several large investors have recently modified their holdings of BCBP. BNP Paribas Financial Markets boosted its stake in BCB Bancorp, Inc. (NJ) by 31.8% during the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after buying an additional 1,497 shares during the period. Barclays PLC lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 2.0% in the 4th quarter. Barclays PLC now owns 81,340 shares of the bank’s stock worth $656,000 after acquiring an additional 1,565 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 21.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,492 shares of the bank’s stock worth $101,000 after acquiring an additional 2,233 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 76.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after purchasing an additional 2,352 shares during the period. Finally, Empowered Funds LLC grew its holdings in BCB Bancorp, Inc. (NJ) by 3.9% during the 1st quarter. Empowered Funds LLC now owns 62,609 shares of the bank’s stock valued at $617,000 after purchasing an additional 2,365 shares during the last quarter. Institutional investors own 36.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BCBP. Zacks Research cut shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a report on Friday, March 27th. Finally, Piper Sandler boosted their price target on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $10.00.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.